Looking to diversify beyond SFAAX? The mutual funds below have the lowest correlation with SFAAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SFAAX.
Best Diversifiers for SFAAX
13 mutual funds have low correlation with SFAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.23, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.05 | 0.08 | 60 | Diversified Portfolio | SFAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.47 | 67 | Diversified Portfolio | SFAAX vs MHELX | |
| Allspring Ultra Short-Term Municipal Income Fund | 0.14 | 0.11 | 0.12 | 98 | Municipal Bonds | SFAAX vs SMAIX | |
| Allspring Ultra Short-Term Income Fund | 0.18 | 0.18 | 0.21 | 99 | Ultrashort Bond | SFAAX vs SADIX | |
| Allspring High Yield Municipal Bond Fund | 0.19 | 0.23 | 0.21 | 92 | High Yield Muni | SFAAX vs WHYIX |
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